Trading through Gann Angles

[DPKAUR]

Nifty will take support @ 5596. One can go long @ this 5596 with 10-15 points as stoploss. Break of 5596 will take nifty to 5535. Support @ 5585,5535, 5495, 5436
Resistance @ 5650, 5778, 5830.
Again & again nifty is taking support @ Gann angle. So with risk of 10-15 points a long trade can be initiated.

 

[DPKAUR]

In my earlier post i clearly stated that nifty would take support @ 5535 and it actually took U Turn from 5540. From 5540 to 5880 (what a wooooooo move).
As far as Nifty is concerned Nifty future should go up to 6060 and nifty is moving according to only Gann levels. See the attached chart. The chart is of Nifty Future. Major resistance levels are 5960-6060 and major support levels are 5820-5760.

 

[a1b1trader]

Hi DP
Please post a chart with gann angles for nifty
Thanks.

 

[amitsh27]

Hey DP KAUR mam,

Pl teach us how to draw gann angles & predict the mkt...thanks !

 

[DPKAUR]

Nifty again & again is taking support & resistence @ Gann levels. In my earlier post i stated that 5960 & 6060 are the major resistence levels and see the beauty it actually found resistence @ 5965 level. Again i mentioned that that major support levels are 5820 & 5760 and nifty found its support @ 5823 levels. Till date there is no change in the levels. A close below 5820 will drag the index to 5738, 5688,5566. and the resistnce levels are 5960,6060,6084. All levels are of spot nifty. So try to take positions near these levels with small-small points as stoploss.
Regrds:
DKaur

 

[DPKAUR]

1st time ever i am posting the levels of Gold & Silver. Both these commodities are taking support @ Gann Retracement levels. So a long trade can be initiated with tight stoploss @ 30300 for Gold and 57200 for Silver. Target for Gold is 31370 & 32470. Target for Silver is 61820 & 62858.

 

[DPKAUR]

Short in Tatasteel

In a day or two we will get a chance to short Tatasteel.A short can be initiated in Tatasteel @ 454-455.

It can also go up to 467 more shorts can be added at this level as it will face resistance @ 180 degree which is @ 467. Stop-loss is 470 and 1st Target is 428 , 2nd Target is 370 and 3rd Target is 339.

 

[DPKAUR]

sbin

Dear All,
Get ready for the action in SBIN. As today it has given signals to get ready for initiating short trade in it. A short trade in SBIN should be initiated @ 2480-2484 as it will be completing its 360 degree rotation which is a strong resistance for it. For safer short trade in SBIN , if it touches 2484 and then closes below it then initiate the short trade in it (at 3:20pm). Also there is -ve Wolfe Wave with (-ve divergence in RSI) in SBIN which is also confirming for shorting in this counter. Stop-loss 2500 Target 2400, 2364. Attaching 2 charts of SBIN. :thumb:

 

[DPKAUR]

5th Jan is a Gann Pressure date. Spot Nifty must touch 6079 level on or before this date. A short trade must be initiated @ 6070-6080 level with tight stop-loss @ 6100 for the targets of 5935,5820. :thumb:

 

[mangup]

Re: sbin

Dear All,
Get ready for the action in SBIN. As today it has given signals to get ready for initiating short trade in it. A short trade in SBIN should be initiated @ 2480-2484 as it will be completing its 360 degree rotation which is a strong resistance for it. For safer short trade in SBIN , if it touches 2484 and then closes below it then initiate the short trade in it (at 3:20pm). Also there is -ve Wolfe Wave with (-ve divergence in RSI) in SBIN which is also confirming for shorting in this counter. Stop-loss 2500 Target 2400, 2364. Attaching 2 charts of SBIN. :thumb:

I suppose it's a spot chart & spot levels?